Sun, Feb 1, 2015, 6:44 PM EST - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

GigaMedia Ltd. Message Board

  • robert.stromberg robert.stromberg Apr 21, 2010 7:00 PM Flag

    Deal is done when?

    Under the terms of the deal, the price of the 60 percent sale will be set at the fair market value of the business as of early 2012. Mangas will make payment in two parts - an up-front cash payment of US$100 million at closing and a final earn-out payment after the 2012 valuation depending upon the fair market value of the business at that time. GigaMedia will continue to hold the remaining 40 percent interest with a put option to sell all or part to Mangas beginning in 2013. Beginning in 2015, Mangas will have a call option on any remaining shareholding held by GigaMedia. For both GigaMedia's put option and Mangas's call option, the price will be determined based upon then fair market value.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • actually, that is incorrect. the $100M is received now for the 60%. GIGM will continue to receive royalties on that 60%. (this is really important, and everyone seems to miss it) Plus, GIGM has the right to sell the remaining 40% of the business to Mangas in 2012 at FMV.

0.798+0.037(+4.86%)Jan 30 3:55 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.